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steve is live in moscow. steve? >> reporter: maybe. maybe, tyler. maybe there will be money from russia, but maybe russia is playing a canny game here and it's going to wait and see what happens. the russians have enormous skin in the game. i mean, the bilateral trade and bilateral money transfers in 2011 according to moody's between russia and cyprus and back and forth was a quarter of a trillion dollars. the russians hold around about $30 billion plus in the bank accounts here in cyprus, so you can see the kind of money we're talking about. the rugs have got enormous business activities. it's kind of like an offshore financial senscenter for the russians? certainly they want to see they get their money back. a lot of assets are held by the likes of vtb, one of the big russian banks with $13 billion in assets according to some estimates in banks in cyprus. secondly, maybe they're going to extract something like a naval base. many have talked about the aspirations of the russians in that part of the mediterranean. and cyprus has offshore gas rights
steve is live in moscow. steve? >> reporter: maybe. maybe, tyler. maybe there will be money from russia, but maybe russia is playing a canny game here and it's going to wait and see what happens. the russians have enormous skin in the game. i mean, the bilateral trade and bilateral money transfers in 2011 according to moody's between russia and cyprus and back and forth was a quarter of a trillion dollars. the russians hold around about $30 billion plus in the bank accounts here in...
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melissa: steve, what do you think? >> look, i don't think there is any immediate danger of especially given how poorly it turned out in cyprus but i think in the longer term, melissa, these guys are very, hungry for revenues in washington. what i keep hearing from the budget tears, boy, there is a lot of money out there, even if we put a .1% tax on that is lot of money. melissa: take back to europe before we run out of the time. if there is a run on the cypriot banks, what will happen to cyprus? will they have to leave the european union? is there recovery in the u.s.? >> terrible news for europe generally. i don't know if they will apply cyprus back in the e.u. or not but it weakens the sense that europe has its act together. melissa: right. >> i think in some ways, we're the least rotten apple in the cart. this is only confirms that further. melissa: it does, but julia, it is another blow to the european recovery which is even happening which is for sure bad for us. what do you think all of this means for our economi
melissa: steve, what do you think? >> look, i don't think there is any immediate danger of especially given how poorly it turned out in cyprus but i think in the longer term, melissa, these guys are very, hungry for revenues in washington. what i keep hearing from the budget tears, boy, there is a lot of money out there, even if we put a .1% tax on that is lot of money. melissa: take back to europe before we run out of the time. if there is a run on the cypriot banks, what will happen to...
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steve is in moscow. >> reporter: yes they came to russia looking for financial support for their country after they brokered a deal in the terms of the european union. the russians have a lot of skin in the game, a huge amount of money flows between the two countries and cyprus has become an off shore type bank for them. in the interest of the russians to get a deal. but i spoke earlier to the finance minister of cyprus about the prospects of a deal. in terms of the support are we talking about a change of items for the current -- change of terms for the 2.5 billion euro loan and more in addition to that? >> no we are talking about it in terms beyond that. >> what terms would those be? >> we don't know yet, we don't know yet. we don't have any deals and we are continuing the discussions and they are waiting for us for discussions in another place. >> how long will the discussions take? >> we will be here until we get some agreement. it appears that late in the day, larry, we have not got a deal between the russians and cyprus, despite the fact that russia has an enormous amount to lose f
steve is in moscow. >> reporter: yes they came to russia looking for financial support for their country after they brokered a deal in the terms of the european union. the russians have a lot of skin in the game, a huge amount of money flows between the two countries and cyprus has become an off shore type bank for them. in the interest of the russians to get a deal. but i spoke earlier to the finance minister of cyprus about the prospects of a deal. in terms of the support are we talking...
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Mar 24, 2013
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and especially thanks to steve for joining us. and the battle in light night comedy now including tax breaks. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
and especially thanks to steve for joining us. and the battle in light night comedy now including tax breaks. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. [ male announcer ] how could switchgrass in...
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Mar 26, 2013
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joining us is steve allen, m&a practice leader. thanks for coming in. >> thank you. >> it's interesting because we seem to be reporting on more deals, we just announced three there. what are the figures, though, saying? >> well, there are deals happening, but fundamentally in this quarter, significantly less. we're down this quarter compared to about 370 last quarter. so it is dropping off. i think it's interesting, you're getting a lot of noise in the media about some of the big deals which are very interesting. certain sort of deals are happening. but generally, if you look across the board, across the world, there's fewer of them happening. and the big hits. the americans prove the deals major. europe is a notable one. we didn't have the spike there. last quarter you had the big uptick in northern america. that simply didn't happen in europe. europe is continuing to be unsurprisingly slow. >> and we had this sort of spike in the fourth quarter. it has in the u.s. why hasn't that followed through? >> the reasons some of these dea
joining us is steve allen, m&a practice leader. thanks for coming in. >> thank you. >> it's interesting because we seem to be reporting on more deals, we just announced three there. what are the figures, though, saying? >> well, there are deals happening, but fundamentally in this quarter, significantly less. we're down this quarter compared to about 370 last quarter. so it is dropping off. i think it's interesting, you're getting a lot of noise in the media about some of...
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but from that steve to another steve, we're going to go to washington, d.c. where steve liesman joins us now on cyprus with a very special guest. steve? >> yes, thanks, andrew, we're joined by the former governor of the central bank of cyprus and renowned expert on monetary policy. his research, some of it written with former and current members of the u.s. fed. he worked at the fed from 1990 to 2007 now at m.i.t. good morning. >> good morning, steve. >> let's talk about where we are right now. the parliament rejected the bank bailout as proposed by the international institution yesterday. and now the cyprus finance minister is in russia. where do we go from here? >> it's a very difficult situation. but first, let me explain why the rejection of yesterday. i'm going to compare this to u.s. terms. imagine if governments of other states in the united states blackmailed the states of massachusetts where i'm at right now to shut down its financial center because they don't like it. this essentially what the other governments did on friday night to cyprus. and it
but from that steve to another steve, we're going to go to washington, d.c. where steve liesman joins us now on cyprus with a very special guest. steve? >> yes, thanks, andrew, we're joined by the former governor of the central bank of cyprus and renowned expert on monetary policy. his research, some of it written with former and current members of the u.s. fed. he worked at the fed from 1990 to 2007 now at m.i.t. good morning. >> good morning, steve. >> let's talk about where...
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steve? >> the only place i disagree diane is the notion that it's one thing if they're going to say things in public and speeches, even something else if they're going to say it in the minutes, but when it makes the statement, it's meaningful. >> i understand. >> and i'm saying it's still a politic political sot, still something done to appease a wing. >> i agree with you. i would brick bring up one more issue even though i continue the fed is going to continue buying for a while and then taner off. there's a real possibility if we get through this sequester shorter and the economy really has more self-feeding momentum, they will re-evaluate it in june. and having that in there opens up the opportunity depending on how the risks move and i think that's the important point and underscores the point you're making, steve, that they could move sooner to tape every off or even stop and steady out the balance sheet. i don't think they're in that place yet but there's a contingent within a fed that
steve? >> the only place i disagree diane is the notion that it's one thing if they're going to say things in public and speeches, even something else if they're going to say it in the minutes, but when it makes the statement, it's meaningful. >> i understand. >> and i'm saying it's still a politic political sot, still something done to appease a wing. >> i agree with you. i would brick bring up one more issue even though i continue the fed is going to continue buying...
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Mar 18, 2013
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>> well you have be really smart about it what steve said is true, you need return of principle you need to find corporate bonds with a track strong balance sheet, u.s. treasury still pay better than money market banks and still safest bet on the planet right now in terms of that there is no flight from bonds to stocks any time soon, we live in an inflationary environment, bonds return your principal. gerri: all right, thank you, you know what is interesting, i think tiny country, about a million people live there. cyprus, causing these ripples these concerns, tiny gdp . and yet one bank observer said this, if spanish and italian bank deposit irwake up tomorrow, and say they could tax my deposits too the potential for an international run on the banks is a high-risk. when people say things like that, this is someone who is an expert at banking. who actually does spend a fair bit of time studying these institutions, what should people be thinking about? maybe another option for investing ? >> behides savings, here in u.s. where you are not getting anything, we're -- like we get the questi
>> well you have be really smart about it what steve said is true, you need return of principle you need to find corporate bonds with a track strong balance sheet, u.s. treasury still pay better than money market banks and still safest bet on the planet right now in terms of that there is no flight from bonds to stocks any time soon, we live in an inflationary environment, bonds return your principal. gerri: all right, thank you, you know what is interesting, i think tiny country, about a...
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Mar 19, 2013
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let's be clear, steve. thank you for coming, always great to have you here. this is an example of what is wrong with this country, and i'm glad you're bringing it. unbelievable. more to come this hour. more to come including are we near the end of the government's role in fannie and freddie? and next, more sequester hiding the hypocrisy from the administration concerning our armed forces. i will break it down after the break. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company throh legalzoom. never real thought i would make money doing what i love. [ robert ] we created legalzoom toelp people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. @@make your business dream a reality. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time deliver
let's be clear, steve. thank you for coming, always great to have you here. this is an example of what is wrong with this country, and i'm glad you're bringing it. unbelievable. more to come this hour. more to come including are we near the end of the government's role in fannie and freddie? and next, more sequester hiding the hypocrisy from the administration concerning our armed forces. i will break it down after the break. my mother made the best toffee in the world. it's delicious. so now...
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steve liesman with answers. steve? >> scott, thanks. i want to give you a heads-up. when i come back over to the table, i'll fail two of your traders on their fed analysis. okay? i'm going to grade the trade. i want to show you what our cnbc fed survey says. 54% respondents, here's what they were looking for in the january survey for total qe this year. 858 billion. and now, here's the latest survey, 917. so adding about 60 billion. they're still running below, if you do the math, about 76 billion compared to the 85 that the fed is doing. i want to show you, also, what's happened to the timeline of what the market expects. the market's got a little more in their expectations. in january, qe november, and now here to may. they pushed ahead by about six months in 2014 when it stops. when does the tapering begin? that's what the market expects. it was back in december -- in january, they said december, it would start december 13th and now moved ahead to a month, to january 2014. how about when the fed will finally hike rates and sell assets? the first one here, sell ass
steve liesman with answers. steve? >> scott, thanks. i want to give you a heads-up. when i come back over to the table, i'll fail two of your traders on their fed analysis. okay? i'm going to grade the trade. i want to show you what our cnbc fed survey says. 54% respondents, here's what they were looking for in the january survey for total qe this year. 858 billion. and now, here's the latest survey, 917. so adding about 60 billion. they're still running below, if you do the math, about...
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joining us now to talk about that more, steve leisman. >> it is argued that the world is not really in the middle of a currency war. and he distinguished between the colonel policies and the tariffs of the 1930s. large policies are designed to enhance domestic demand. these policies are not beg thy neighbor but enrich thy neighbor. says those nations benefit from growth in developed nations. >> he is saying i am not worried about policies of japan which have had an ifect. >> steve, thank you very much. >> sue, down to you. >> thank you. for investors trying to play a rise in interest rates, there is a focus on a tiny corner. of the income market called the floating rate debt. and how your money could be impacted. >> they are flocking to this so-called floating rate. investors poured $1.4 billions into these funds. companies are issuing near record levels of this floating rate debt to meet the demand and investors are asking for it. so let's say a company issues a billion dollar bond. that's on top of a three-month libor which is 29 basis points. that is above 1%. investors will get big
joining us now to talk about that more, steve leisman. >> it is argued that the world is not really in the middle of a currency war. and he distinguished between the colonel policies and the tariffs of the 1930s. large policies are designed to enhance domestic demand. these policies are not beg thy neighbor but enrich thy neighbor. says those nations benefit from growth in developed nations. >> he is saying i am not worried about policies of japan which have had an ifect. >>...
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steve sedgwick is calling in on the line from moscow. steve, russia is happy to stand pat while cyprus try toes come up with a solution. >> what we're going to get is an announcement from the european commission and the russian federation. this is looking at a whole host of longer term issue between the european union and is russia. the relationship needs a reboost after disagreements over syria, over trade, over the wto, over human rights and now, of course, most aggressively of cyprus, as well. what i'm fascinated to see -- and i'm in the lockdown, as well, i mention inside the reception house of the russian federation, i'm in a lockdown ahead of that press conference between mr. barroso and mr. medvedev. i want to see how that reboot looks. is it a reboot in name only or is it meaningful? they would prove that it's meaningful by including a solution to the cyprus crisis, including not only the troika, but the russian federation. that's is where mr. medvedev saying russian interests should have been thought about. mr. barroso saying no
steve sedgwick is calling in on the line from moscow. steve, russia is happy to stand pat while cyprus try toes come up with a solution. >> what we're going to get is an announcement from the european commission and the russian federation. this is looking at a whole host of longer term issue between the european union and is russia. the relationship needs a reboost after disagreements over syria, over trade, over the wto, over human rights and now, of course, most aggressively of cyprus,...
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steve is on the line. what carolyn is saying about the time frame with banks in cyprus underscores the urgency for cyprus to reach a deal with russians or someone. how likely do you think they come away with meetings with putin saying we got the debt relief we wanted? >> we have to remember the big deadline for cyprus is the 3rd of june when they have to pay back an international bond of 1.5 euros. the eurozone will blink and give cyprus the money. the key phrase i heard is from steve there. the european commission, the palace structures in western europe they don't want a bloody nose from moscow. the reality is that moscow is heavily involved in the bailout of western europe in recent years. we all now know about the loan that cyprus was given of $2.5 billion in 2011. we had negotiation winot that lg ago. russia is involved. it will be involved. this country has $500 billion of reserve. third biggest reserves in the world. it has 10% of gdp as total sovereign debt. it's completely natural culturally that
steve is on the line. what carolyn is saying about the time frame with banks in cyprus underscores the urgency for cyprus to reach a deal with russians or someone. how likely do you think they come away with meetings with putin saying we got the debt relief we wanted? >> we have to remember the big deadline for cyprus is the 3rd of june when they have to pay back an international bond of 1.5 euros. the eurozone will blink and give cyprus the money. the key phrase i heard is from steve...
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your thoughts, steve? >> he's the most popular politician in america. >> why don't you answer my question? are you afraid of him? you are. you're squirming. >> i love bill clinton. i love hillary clinton. >> everything they do is right? >> he's a democrat strategist who wants work in 2016. zblefrg they do is right. >> you're made of rubber. it's unbelievable. anyway, as a republican expert, what do you think of this playing tough? the way the clintons are playing it? they basically probably are going to win the nomination if they played softball. >> yeah, look, i admire -- >> secretary clinton. >> i think it's hardball politics. i think it's smart politics for the clintons to take all the goodwill that's been engendered as a result of -- >> what about loving your enemy? >> loving your enemy? >> you're a seminarian. what about going around saying, i want you, too? >> chris, you're not looking for that kind of blessing in this situation. this is hardball politics. it's real -- >> is it smart? >> i think it's
your thoughts, steve? >> he's the most popular politician in america. >> why don't you answer my question? are you afraid of him? you are. you're squirming. >> i love bill clinton. i love hillary clinton. >> everything they do is right? >> he's a democrat strategist who wants work in 2016. zblefrg they do is right. >> you're made of rubber. it's unbelievable. anyway, as a republican expert, what do you think of this playing tough? the way the clintons are...
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neil: the details of which, not to relate, but at this time, everyone said, is this a steve jobs situation? do we know if he is sicker than we think, you know that went. >> i remember. it was horrible, some articles that came out, one in particular from "wall street journal,." neil: i remember. >> it was tough on my family, it was saying, you know you have cancer, it will be awkward. why put people in that position. >> did you ever just want to quit out right? >> absolutely not, i started something, i wanted to see it to a good spot, we had not closed with federal reserve yet. we were just about to do that transaction, i committed to people that i wanted to do it, neil, you have to live every day, until you can't. i was in a job, i was loving what i was doing, my family and i spending good timin time toge. neil: did anyone say this is a threat to your life? you might die? >> for me? >> i was given 9 months to a year to live, so i knew i had until may until i was showing bad affects and i knew i had to work with the board on suck last thing i wanted for my family and tor to say, what a se h
neil: the details of which, not to relate, but at this time, everyone said, is this a steve jobs situation? do we know if he is sicker than we think, you know that went. >> i remember. it was horrible, some articles that came out, one in particular from "wall street journal,." neil: i remember. >> it was tough on my family, it was saying, you know you have cancer, it will be awkward. why put people in that position. >> did you ever just want to quit out right?...
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let me talk to steve liesman here. steve, he was asked about the effect of a bubble and whether or not there is a bubble in this stock market. what struck you from bernanke today? >> reporter: what struck me, i think there was a really important piece of news here, maria, and it has to do with the creation, essentially, of a second litmus test for quantitative easing and the chairman talked not once, but twice about the issue of perhaps adjusting the quantitative easing amounts to go along with improvement in the labor market. and we had a kind of vague definition before of why they would bring it down. now we have an even bigger one as to why they might taper it down. i don't know if we have the sound, but i think it's pretty significant sound that the market ought to think about as to when the fed might begin to taper its quantitative easing purchases. >> we are seeing improvement. i think one thing we would need is to make sure that this is not a temporary improvement. so we've seen periods before, where we had as m
let me talk to steve liesman here. steve, he was asked about the effect of a bubble and whether or not there is a bubble in this stock market. what struck you from bernanke today? >> reporter: what struck me, i think there was a really important piece of news here, maria, and it has to do with the creation, essentially, of a second litmus test for quantitative easing and the chairman talked not once, but twice about the issue of perhaps adjusting the quantitative easing amounts to go...
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back to you. >> i think you're probably right, steve. thank you very much. >>> well, all of this, of course, has the people of cyprus extremely upset. they have taken to the streets protesting in front of parliament. and that is where we find our michelle caruso-cabrera. she's following the story from the cyprus standpoint. michelle? >> reporter: yes, hi there, sue. about 100 meters that way or where you see all the prote protesters, they gathered a couple hours ago. they learned that the bank is going to be shut down, one of the two insolvent banks here in cyprus, one of the measures they're going to likely have to take in order to secure a bailout. behind me is the parliament. inside we understand that they are going to pass a law that gives the central bank the right to shut down banks in this country. they didn't have the right to do that before. if you don't understand a lot about banking or bailouts, this is very simple. if you shut down a bad bank, you save a lot of money. if you try to save a bad bank, it costs a lot of money. yo
back to you. >> i think you're probably right, steve. thank you very much. >>> well, all of this, of course, has the people of cyprus extremely upset. they have taken to the streets protesting in front of parliament. and that is where we find our michelle caruso-cabrera. she's following the story from the cyprus standpoint. michelle? >> reporter: yes, hi there, sue. about 100 meters that way or where you see all the prote protesters, they gathered a couple hours ago. they...
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let's go down to steve liesman with that. steve? >> we asked our 54 respondents what was behind the record levels and we gave them the fed as one of the answer ands it was the leading response. it wasn't the only answer. what you see is that 12% said financial stabilization was a big reason for it. 18%, earnings improvement and 24% attributed to federal quantitative easing. some of what the fed does is related to economic improvement and earnings improvement. in general, they gave other reasons for it as well. not just the fed being behind this. i want to show you also the curious answers we got on the effective quantitative easing when it comes to the bond market, the stock market, and unemployment. by 48 to 44 on both mortgages and bonds, they say it does not lower mortgage and bond yields, quantitative easing, that is. 69 to 21% say it does not lower unemployment rate. but you can see there 75 to 17 they say it does help increase stock -- the stock market values. now, take a look at this list, guys. i think this is a hopium list.
let's go down to steve liesman with that. steve? >> we asked our 54 respondents what was behind the record levels and we gave them the fed as one of the answer ands it was the leading response. it wasn't the only answer. what you see is that 12% said financial stabilization was a big reason for it. 18%, earnings improvement and 24% attributed to federal quantitative easing. some of what the fed does is related to economic improvement and earnings improvement. in general, they gave other...
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. >> i want to read mark simone my pal steve forbes tweets capitalism is the most moral system because it respects man's rights. now stanford may not agree with that but do i. >> you're being a little out dated. we're in the obama economy. a college student doesn't need to study capitalism, moves into his parents house, lives there until he's 30. is on their health care plan. where do you find a professor to teach the joys of capitalism. >> there has to be somebody out there. >> they are there but they are a vanishing minority. >> capitalism is freedom. i appeal to your higher spirits. there must be an agreement with us some place. capitalism is about freedom. live, liberty and pursuit of happiness is done best through the free market capitalist system. >> i agree with you, larry. i don't know what stanford is doing. obviously they can do what they want because they are a private university and we have freedom of speech but i certainly would encourage the teaching of capitalism on campus. but i think you're all on a different planet. liberals are very supportive of capitalism. and this
. >> i want to read mark simone my pal steve forbes tweets capitalism is the most moral system because it respects man's rights. now stanford may not agree with that but do i. >> you're being a little out dated. we're in the obama economy. a college student doesn't need to study capitalism, moves into his parents house, lives there until he's 30. is on their health care plan. where do you find a professor to teach the joys of capitalism. >> there has to be somebody out there....
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Mar 23, 2013
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neil: steve, it is always good to have you. on that issue, whether it is big oil or anything above, saying thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. the. neil: i do want
neil: steve, it is always good to have you. on that issue, whether it is big oil or anything above, saying thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making...
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they're not charity. >> steve schmidt we're out of time on this segment, need a quick word before you go. your reaction to cpac? >> i said a couple weeks ago, it has become the star wars bar scene of the conservative movement. it was certainly that and more as we look at this. the good news for republicans is that group's power is mostly illusory. they're a group that will make a lot of noise, it will be incumbent on our serious candidates to call out the excesses of some of the people at cpac to be taken seriously by the middle of the country. >> robert gibbs, steve schmidt, howard fineman, thank you for joining me tonight. >>> coming up, a new poll showing a surge in the support of marriage equality, support that now includes hillary clinton. but according to john boehner, he will never support marriage equality. but john boehner has a startling new point of agreement with president obama. and in the "rewrite," how the story of sarah palin is the story of the failure of our political media coming up. ill h. [ male announcer ] a lot of sinus products don't treat cough. they don't? [
they're not charity. >> steve schmidt we're out of time on this segment, need a quick word before you go. your reaction to cpac? >> i said a couple weeks ago, it has become the star wars bar scene of the conservative movement. it was certainly that and more as we look at this. the good news for republicans is that group's power is mostly illusory. they're a group that will make a lot of noise, it will be incumbent on our serious candidates to call out the excesses of some of the...
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Mar 20, 2013
03/13
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. >> let's go to steve who is right there... >> first day of spring. >> and it is raining. >> it works. >> yes, first day well we have some rain and it is very mild and i just got a tweet asking me is it coming up from the southwest and yes, it is coming from the southwest, we have 50s and 60s. >>> roads are a little bit wet as you pass mission boulevard and wet all over the bay area. also the morning commute looks good if you are driving on the san mateo bridge westbound and on the high-rise, let's go back to the desk. >>> breaking news from bethel island, a major fire and firefighters are having a tough time putting it out and at least two homes have gone up in flames. claudine wong is there to tell us why this is such a hard fire to put out, claudine wong? >> let me show you what is behind me, because in the last half hour you can see fire on actually both sides of the roof line within the last 10 minutes we cut through into the garage and we were able to see fire there as well. you can see the fire in this house and this is the 1,400 block of bethel island and this is the second ho
. >> let's go to steve who is right there... >> first day of spring. >> and it is raining. >> it works. >> yes, first day well we have some rain and it is very mild and i just got a tweet asking me is it coming up from the southwest and yes, it is coming from the southwest, we have 50s and 60s. >>> roads are a little bit wet as you pass mission boulevard and wet all over the bay area. also the morning commute looks good if you are driving on the san mateo...
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Mar 26, 2013
03/13
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let's get right to steve. steve, let's talk about the inspection business. if somebody wants to buy a home they have got to make sure it is inspecked. of course those who are selling, same exact thing. tell me about your business, what you're seeing. >>>well, liz, we are coming off an outstanding, outstanding prior year. we grew 17%. we outpaced the market it looks like we're carrying that into q1 this year. for us, it is all about the dream and the data. the american dream of homeownership seems to be very much intact and data supports the opportunity for a lot of people. as you know we've had folks pushed out of the market for quite a while. mortgage rates south of 4%. for that so to be that way for 15 months in a row consecutively, that is huge economic history. so that's been a big driver for us. a bit of concern on inventory but banks have inventory. we hope they will free up some of that shadow inventory. we're happy and we had a terrific --. liz: can i ask you, steve? part of the problem a lot of homes were being inspected and they were also then bein
let's get right to steve. steve, let's talk about the inspection business. if somebody wants to buy a home they have got to make sure it is inspecked. of course those who are selling, same exact thing. tell me about your business, what you're seeing. >>>well, liz, we are coming off an outstanding, outstanding prior year. we grew 17%. we outpaced the market it looks like we're carrying that into q1 this year. for us, it is all about the dream and the data. the american dream of...
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Mar 22, 2013
03/13
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what do you think about that, steve? >> you know, i think there are some advantages to having a country like cyprus, actually, repudiate its debt because one of the things i find looking around the world, even in the united states, is that this sovereign debt is treated like it's, you know, completely risk-free and it is not risk-free. there should be a risk premium associated with government debt and if you had a country like cyprus that essentially declared bankruptcy, and renegotiated these debt agreements, that might raise the interest rates of other countries. and that might not be such a bad thing. there would be more money going into private companies and less going into government. >> yeah. >> the other element of this i think is really interesting, there is a big debate whether the e.u. or whether russia will bailout cyprus. melissa: right. >> cyprus, according to recent figures i saw, the russians have about $50 billion invested in cyprus banks. so they have a lot at stake here. even though they seem tt be back
what do you think about that, steve? >> you know, i think there are some advantages to having a country like cyprus, actually, repudiate its debt because one of the things i find looking around the world, even in the united states, is that this sovereign debt is treated like it's, you know, completely risk-free and it is not risk-free. there should be a risk premium associated with government debt and if you had a country like cyprus that essentially declared bankruptcy, and renegotiated...
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Mar 25, 2013
03/13
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steve, what's that all about? >> sue, i want to talk in just a second about new york fed president bill dudley, talk more directly about monetary policy. first a word on fed chairman ben bernanke. he's speaking in london with mevvin king, outgoing head of the monetary policy committee there. he broadly supported all the global monetary policy easing for central banks around the world, say k effectively it was not currency. here's what he said. >> because stronger growth in each economy -- these policies are not -- rather they are positive sum enrich thiy neighbr actions. >> what he's saying is what japan is doing is okay. new york fed president bill dudley, he had some very strong words for critics of the federal reserve who say that the fed is potentially going to be losing money through its current quantitative easing policy. let's give a listen to his comments today at the new york economic club. >> the fed is a central bank, not an asset management company. our commitment is to our dual objectives. >> dudley a
steve, what's that all about? >> sue, i want to talk in just a second about new york fed president bill dudley, talk more directly about monetary policy. first a word on fed chairman ben bernanke. he's speaking in london with mevvin king, outgoing head of the monetary policy committee there. he broadly supported all the global monetary policy easing for central banks around the world, say k effectively it was not currency. here's what he said. >> because stronger growth in each...
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Mar 22, 2013
03/13
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but, first, let's check in with steve doocy who hopefully didn't have any of that tea this morning. see what's coming up. >> i had plenty of coffee though. >> okay. >> i'm working on my third cup. speaking of beverages. we're going to talk about energy drinks. by. marc siegel is dropping things you need to know about monster has been in the news. also, did you realize a third the people in rhode island are on food stamps? supposed to help them now it seems to be a way of life. we're going to be talking about that phil specter's wife has got a problem with that hbo movie that's coming out about her husband's life. and geraldo rivera rolls into the studio about 8:00 eastern. we get started 12 minutes from right now. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. [ female announcer ] hey ladies, you love it, you gotta have it. cinnamon toast crunch. 'cause that cinnamon and sugar is so ir
but, first, let's check in with steve doocy who hopefully didn't have any of that tea this morning. see what's coming up. >> i had plenty of coffee though. >> okay. >> i'm working on my third cup. speaking of beverages. we're going to talk about energy drinks. by. marc siegel is dropping things you need to know about monster has been in the news. also, did you realize a third the people in rhode island are on food stamps? supposed to help them now it seems to be a way of life....
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Mar 26, 2013
03/13
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steve liesman is back. steve, what can you tell us about this time? >> becky, this is only interesting when stuff changes. stuff changed when it came to americans's attitudes on the sequester. our poll found it very interesting change here. let's look where they were back in november around the election about how to cut the deficit. 3% said do it with tax hikes only. 16% in spending cuts only. very little support for tax hikes only. 12 points up. 55% want a combination. but 12-point drop. what's interesting is it was entirely driven by changes in republicans's attitudes almost entirely. 28% republicans back in march. now it's more like 50% if you look at the current results. a slight change of 6% to 13%. but republicans less inclined in part because there were in fact, tax hikes. 15% unsure. 27% say they expected to have no impact. 40% say it will hurt the economy. do i combine them? just come over here for a second. i get 45%. the question is whether or not president obama is making his case about the danger of sequester. i want to point out zoom in
steve liesman is back. steve, what can you tell us about this time? >> becky, this is only interesting when stuff changes. stuff changed when it came to americans's attitudes on the sequester. our poll found it very interesting change here. let's look where they were back in november around the election about how to cut the deficit. 3% said do it with tax hikes only. 16% in spending cuts only. very little support for tax hikes only. 12 points up. 55% want a combination. but 12-point drop....
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scott steve. thank you. dog days of. pride days it. takes a common. theme song see it's so true. hold it. hold it close. live on. that speak. to. her. wish. me good. luck. and. come out fine i'm a little. live nation and free accreditation free transport charges free. range men free live free studio tied free live free broadcast plug in video for your media projects and free media dot com you. upload.
scott steve. thank you. dog days of. pride days it. takes a common. theme song see it's so true. hold it. hold it close. live on. that speak. to. her. wish. me good. luck. and. come out fine i'm a little. live nation and free accreditation free transport charges free. range men free live free studio tied free live free broadcast plug in video for your media projects and free media dot com you. upload.
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Mar 19, 2013
03/13
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first iowa republican congressman steve king with the solution for illegal immigration in the form of a construction project on the house floor. >> you can't shut that off unless we build a fence and wall. i want to put a fence in and a wall in. i designed one. this would be an example, then, of how that wall would look. you can also deconstruct it the same way. you can take it back down. i also say we need to do a few other things on top of that wall. one of them put a little bit of wire on top to provide a disincentive for people to climb over top or put a ladder there. we can electrify this wire, not a current that would kill anybody, but would be a deterrent. we do it in livestock all the time. >> now for one that made the loser list. it never came to fruition. "just before advocates for senior citizens plan to host on stage a 24-foot cabin cruiser bearing the slogan "medicare vouchers are a titanic mistake," the capitol police sank the reference judging the symbolic titanic too heavy for the stage. authorities banished it to the side depriving senator edward m. kennedy and other
first iowa republican congressman steve king with the solution for illegal immigration in the form of a construction project on the house floor. >> you can't shut that off unless we build a fence and wall. i want to put a fence in and a wall in. i designed one. this would be an example, then, of how that wall would look. you can also deconstruct it the same way. you can take it back down. i also say we need to do a few other things on top of that wall. one of them put a little bit of wire...
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Mar 22, 2013
03/13
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FBC
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plus, steve more of the "wall street journal" weighs in on whether the plan makes sense or if they should just go bust. and you can look, but you cannot take it home. how e-commerce is changing the way you can shop. coming up next. ♪
plus, steve more of the "wall street journal" weighs in on whether the plan makes sense or if they should just go bust. and you can look, but you cannot take it home. how e-commerce is changing the way you can shop. coming up next. ♪
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Mar 20, 2013
03/13
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looking like some better numbers and i heard some chatter that steve weis bought a whole bunch of tube socks, should help the top line. >> that's a tough visual too. >> it's up about 17%. >> that's deep fundamental research right there. absolutely. i actually still like the dollar stores here. these are a bunch of names i've been short -- i was short earlier in the year and i think it's time to be long them again. >> i presume they're really long tube socks. >> '70s style. >> with a little red, white and blue stripes. >> love it. >> all right, now on to the bad. a day before his dollar tree call made this bear occasion for general mills. >> in their revenue, they had 27% revenue growth in europe. i don't think that's sustainable. phillip morris came out today and talked about how they can't get revenue growth in europe. if you can't sell an addictive product and get revenue growth, there's no way to be able to sell cereals and get revenue growth. >> general mills is up 12%. the company beating earnings today and popping to new all-time highs, in fact. >> you know what i forgot about th
looking like some better numbers and i heard some chatter that steve weis bought a whole bunch of tube socks, should help the top line. >> that's a tough visual too. >> it's up about 17%. >> that's deep fundamental research right there. absolutely. i actually still like the dollar stores here. these are a bunch of names i've been short -- i was short earlier in the year and i think it's time to be long them again. >> i presume they're really long tube socks. >>...
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Mar 21, 2013
03/13
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KQED
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steve leaseman tells us where we go from here. >> the federal reserve voting 11 to 1 to keep its policy in place and purchasing $85 billion a month in treasury and mortgage-backed securities in an effort to drive down long-term interest rates. but the federal reserve chairman in the press conference after the statement came out, suggested that the fed may reduce the amount of monthly purchases if he sees sustained improvement. >> we are seeing improvement. i think one thing we would need is to make sure that this
steve leaseman tells us where we go from here. >> the federal reserve voting 11 to 1 to keep its policy in place and purchasing $85 billion a month in treasury and mortgage-backed securities in an effort to drive down long-term interest rates. but the federal reserve chairman in the press conference after the statement came out, suggested that the fed may reduce the amount of monthly purchases if he sees sustained improvement. >> we are seeing improvement. i think one thing we would...
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Mar 18, 2013
03/13
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post steve jobs there is concern. it is a small entrepreneurial company that focuses on pnc insurance base. that is 30-year-old software. guidewire is right there. this is a business with less than $200 million in recurring revenues. their win rates are very, very high. well over 50%. so we see the pathway to at least a billion dollars of recurring revenue to be very achievable. >> and also gartner. >> information technology is increasingly strategic for all organizations. the pace of change is accelerating. you probably hair things of cloud computing and mobile and social and big data. and gartner is helping their customers deal with those changes. it sells under $30,000. it has a budget of at least a million dollars. what we really like is they are very much in the early stage of their opportunities. they have a little bit less than 9,000 customers a day. over 100,000 of 10 million or more. >> would you play google in outline of this? you're not doing some other big tech names but that seems like a name that keeps g
post steve jobs there is concern. it is a small entrepreneurial company that focuses on pnc insurance base. that is 30-year-old software. guidewire is right there. this is a business with less than $200 million in recurring revenues. their win rates are very, very high. well over 50%. so we see the pathway to at least a billion dollars of recurring revenue to be very achievable. >> and also gartner. >> information technology is increasingly strategic for all organizations. the pace...
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Mar 22, 2013
03/13
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steve liesman is with us. steve, we will start with you. i think you have something teed up for us. >> i want to talk about the federal reserve. we know what happened wednesday and what to look for next week. the first thing is the fed chairman is getting more flack from his right or the hawkish side. and there was a rise in dissent. i don't know that specifically. >> louder or more people? >> i think there's more dissent and more people. or the people making noises before are a little bit louder where he had to concede something with them. did he concede anything meaningful. there were two concessions on wednesday. the first was a line in the statement about kind of the cost section. the second was in his press conference he said not once but twice that the fed will vary purchases with economic data and as results come in. that speaks if it's not the sold old guys. there's more to it than that to the point where they had to make some form of concession. now, did he really concede? i think he's biding for time. let the data come out. >> we'
steve liesman is with us. steve, we will start with you. i think you have something teed up for us. >> i want to talk about the federal reserve. we know what happened wednesday and what to look for next week. the first thing is the fed chairman is getting more flack from his right or the hawkish side. and there was a rise in dissent. i don't know that specifically. >> louder or more people? >> i think there's more dissent and more people. or the people making noises before are...
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Mar 19, 2013
03/13
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steve steve liesman is here. >> when is the fed expected to stop buying assets. let's look at the first chart. what was expected in january was for the fed to purchase $858 billion in assets. it works out to 76 billion a month, which is below the $85 billion level. i think there's a reason for that that we will show you in a second. the next thing i want to show you is this elaborate thing we created, the fed timeline. and i want to show you how the key points of what is expected from the federal reserve has changed. let's start with when qe is expected to stop. that's moved from here down to here. so they have pushed it ahead from november all the way to may. how about the next thing. when they are to stop tapering purchases. it's gone from december to january. these two things have been pushed ahead. the fed's timeline has been expected. how about fed fund hikes and selling assets. the exit strategy is all the way out here into the first quarter of 2015. first, selling assets has come back a little bit. i have to say there's other data we have showing there's n
steve steve liesman is here. >> when is the fed expected to stop buying assets. let's look at the first chart. what was expected in january was for the fed to purchase $858 billion in assets. it works out to 76 billion a month, which is below the $85 billion level. i think there's a reason for that that we will show you in a second. the next thing i want to show you is this elaborate thing we created, the fed timeline. and i want to show you how the key points of what is expected from the...
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Mar 20, 2013
03/13
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steve liesman is live from washington straight ahead. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> >> sam is upping is holding an event to unveil its products. tim baxter, president of samsung electronics america. good to have you with us. >> certainly a lot of changes have gone on with the tv in the living room. at this point what are the big products you're unveiling and why should consumers care about these products? >> the big things we're focused on is injecting more excitement and wow into the television experience. there's been a great deal of that in smartphones and tablets. so what we're introducing is a new line
steve liesman is live from washington straight ahead. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades...
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Mar 19, 2013
03/13
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steve, i'll start with you. how do you read the market's reaction to the cyprus move in the news today? >> i think cyprus is a one-op deal. very different than the other european countries. the banking industry is such a big percentage of what goes on there. i think people were initially scared by the quote/unquote deposit tax. now the feeling is it's a unique solution. it's one we won't see in italy, spain or portugal. so i think the market said, well, it's okay. we can live with this. we don't think it will get repeated. certainly in the united states. the european indices have had more of a decline than we have. but we're sort o o whistling pat this graveyard, so to speak. >> mark, i think you fall in the same camp as steve, in that you think cyprus is small. c contagion is not such a big problem. financial is a sector that really has traded of late along with european woes. >> yeah. first of all, we would agree with that and we would agree with steve. i'm surprised the markets didn't sell off more on it yest
steve, i'll start with you. how do you read the market's reaction to the cyprus move in the news today? >> i think cyprus is a one-op deal. very different than the other european countries. the banking industry is such a big percentage of what goes on there. i think people were initially scared by the quote/unquote deposit tax. now the feeling is it's a unique solution. it's one we won't see in italy, spain or portugal. so i think the market said, well, it's okay. we can live with this....
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Mar 21, 2013
03/13
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steve sedgwick is standing by with the latest from there. but first our own michelle crew c caruso-cabrera is live in cyprus. >> reporter: the situation here grows increasingly desperate. they're down to the wire. cyprus government has to make a decision about what they're going to do. look at the lines that have started to form at nearly every atm of the bank here in cyprus, this liky is considered one of the weakest. they're still able to get money out of the atms in cyprus though banks have been closed all week and won't reopen until tuesday at the earliest. people in line are quite frightened because they know that this is the weakest bank and there had been rumors about it. it is likely to be part of any consolidation effort is that ultimately is what happened. that's every single day likely to be the case. listen to what one man said. he's been taking out money every single day. >> i just took $1,000. i've been taking $1,000 every day. personally i'm taking this money and cash with me to the uk tonight. >> because? >> because we don't
steve sedgwick is standing by with the latest from there. but first our own michelle crew c caruso-cabrera is live in cyprus. >> reporter: the situation here grows increasingly desperate. they're down to the wire. cyprus government has to make a decision about what they're going to do. look at the lines that have started to form at nearly every atm of the bank here in cyprus, this liky is considered one of the weakest. they're still able to get money out of the atms in cyprus though banks...
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Mar 26, 2013
03/13
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. >> reporter: the trial is attracting snow birds like steve pinto from new jersey. he's been watching on tv since day one. today is his first day in court. he lined up at 4:00 a.m. why? what has hook you into it? >> because she looks so innocent. but the claims she made is very, very fierce. >> reporter: you don't believe she's innocent? >> oh, no. >> reporter: the level of interest here only grow are as the trial continues in the final phase. we expect can domestic violence experts to testify this week and into next week. and then we expect we'll hear closing arguments and then it goes to the jury. we are reaching the end. three months on april 2nd. >> it feels like it's gone on forever. >> still ahead on "starting point" who would mess with walter right? a script from "breaking bad" has been stolen. we'll tell you about that. we're here! we're going to the park! [ gina ] oh hey, dan! i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but,
. >> reporter: the trial is attracting snow birds like steve pinto from new jersey. he's been watching on tv since day one. today is his first day in court. he lined up at 4:00 a.m. why? what has hook you into it? >> because she looks so innocent. but the claims she made is very, very fierce. >> reporter: you don't believe she's innocent? >> oh, no. >> reporter: the level of interest here only grow are as the trial continues in the final phase. we expect can...
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Mar 18, 2013
03/13
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steve jobs only gave you one product and he told you you'd like it and you did. tod today, unfortunately, a lot of consumers may want a bigger phone and a new phone and apple is not giving you the breadth and the product line that a lot of us would like. i don't know if you call that dusty or not, but what i would say is you don't have a lot of choice. when the iphone first came out it was the only thing out there that could do what it did. today, i would argue samsung makes a better phone and the good thing about an cell they have a great ecosystem in i tunes. i have over 1,000 songs and books and movies in there so that kind of keeps me locked in so i'm probably not going to be able to move to a samsung phone, but in emerging market countries where you're buying your first phone, don't forget, apple's total share of the handset business is 8%. so the other 92% that have other phones, you know, they may move to samsung and apple may lose out on those future sales and that's -- whether it's a dusty phone or not, i don't know, but i don't think it's the best phone
steve jobs only gave you one product and he told you you'd like it and you did. tod today, unfortunately, a lot of consumers may want a bigger phone and a new phone and apple is not giving you the breadth and the product line that a lot of us would like. i don't know if you call that dusty or not, but what i would say is you don't have a lot of choice. when the iphone first came out it was the only thing out there that could do what it did. today, i would argue samsung makes a better phone and...
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Mar 25, 2013
03/13
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FBC
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he caught matthew martoma which may lead to steve cohen, sac former fund manager trading on alleged insider information on elon. expert period of time network guy giving him the information. he was looking at the capital whole another time before the financial crisis because he thought they were cherry picking. looked like certain of segna's hedge fund clients obviously they got a tip along those lines. they were getting benefits. others weren't. when was raj. whether they looked at trading went on the trading looked suspicious. ahead of deals. sort of the stuff in this indictment. they looked at raj's trading too. that is when they really, that's when they really started to bear down. that is what led to raj rajaratnam, fascinating that the brother who started the whole thing who got raj, bigger brother in trouble is now six years later now being --. ashley: he is not off the hook. >> not off the hook. pleading not guilty. his brother did as well. we'll see what ha hoops. ashley: great stuff, charlie gasparino. >> follow that line of reasoning. hopefully makes for a great book. tracy: will
he caught matthew martoma which may lead to steve cohen, sac former fund manager trading on alleged insider information on elon. expert period of time network guy giving him the information. he was looking at the capital whole another time before the financial crisis because he thought they were cherry picking. looked like certain of segna's hedge fund clients obviously they got a tip along those lines. they were getting benefits. others weren't. when was raj. whether they looked at trading...
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Mar 26, 2013
03/13
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CNNW
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. >> reporter: the trial going nearly three months now is attracting snowbirds like steve pinto from new jersey. he's been watching on tv since day one. today's his first day in court. he lined up at 4:00 a.m. why? what has hooked you into it? >> because she looks so innocent, but the crime that she made is very, very fierce, which she's done. >> reporter: but you don't believe she's innocent, though? >> oh, no, definitely not. >> reporter: the trial now entering its final phase. the level of interest here only growing. dr. samuels has now finished testifying. the defense's last witness is now taking the stand. it's their last chance to prove how jodi arias could have carried out this horrible crime and be excused for it. miguel marquez, cnn, phoenix. >> our thanks to miguel. it is 46 minutes past the hour. let's get you up to date. >>> tradition classes with the fight for equality as gay rights take center stage in d.c. starting in about three hours, the u.s. supreme court begins hearing arguments on the constitutionality of two laws, proposition 8, california's ban on gay marriage,
. >> reporter: the trial going nearly three months now is attracting snowbirds like steve pinto from new jersey. he's been watching on tv since day one. today's his first day in court. he lined up at 4:00 a.m. why? what has hooked you into it? >> because she looks so innocent, but the crime that she made is very, very fierce, which she's done. >> reporter: but you don't believe she's innocent, though? >> oh, no, definitely not. >> reporter: the trial now entering...